Dana Incorporated (NYSE:DAN) Short Interest Update

Dana Incorporated (NYSE:DAN - Get Free Report) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 4,480,000 shares, a growth of 40.0% from the November 15th total of 3,200,000 shares. Based on an average daily volume of 2,340,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 3.5% of the company's shares are short sold.

Institutional Trading of Dana

A number of institutional investors and hedge funds have recently modified their holdings of DAN. Entropy Technologies LP acquired a new position in shares of Dana during the 3rd quarter worth about $250,000. Martingale Asset Management L P acquired a new position in shares of Dana during the third quarter worth approximately $346,000. SG Americas Securities LLC bought a new stake in shares of Dana in the second quarter valued at approximately $388,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Dana in the third quarter worth $2,687,000. Finally, Rhumbline Advisers increased its position in Dana by 1.3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company's stock worth $5,170,000 after acquiring an additional 5,468 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DAN has been the subject of a number of analyst reports. Wolfe Research initiated coverage on shares of Dana in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. StockNews.com lowered shares of Dana from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on Dana from $16.00 to $14.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Barclays raised Dana from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $12.00 to $18.00 in a research note on Monday, December 2nd. Finally, Wells Fargo & Company lowered their target price on Dana from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Dana presently has an average rating of "Hold" and a consensus target price of $14.86.

Dana Stock Up 1.3 %

DAN traded up $0.16 during midday trading on Friday, hitting $12.68. 1,894,064 shares of the company's stock traded hands, compared to its average volume of 1,512,219. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. The company has a market cap of $1.84 billion, a PE ratio of -115.27, a price-to-earnings-growth ratio of 1.26 and a beta of 2.36. Dana has a one year low of $7.58 and a one year high of $15.07. The stock's fifty day simple moving average is $10.05 and its 200-day simple moving average is $11.01.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the firm posted $0.30 EPS. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. As a group, equities analysts anticipate that Dana will post 0.85 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.40 annualized dividend and a yield of 3.15%. Dana's dividend payout ratio (DPR) is presently -363.64%.

Dana Company Profile

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.